The
global specialty silica market is segmented into product type such as precipitated silica, silicates silica
gel/aerogels, micronized silica, nano-silica, fumed silica and colloidal silica.
Among these segments, precipitated silica segment accounted for the dominating
segment in overall specialty silica market and is projected to garb a highest
CAGR in near future. Likely, increasing
adoption of specialty silica by various
industries such as automotive, rubber and others
is propelling the market of specialty
silica across the globe. In addition to this, rising adoption of eco-friendly
tires and increasing concern towards the harmful effects of rubber tires on
environment is also predicted to foster the growth of specialty silica market.
Global specialty silica market is anticipated to mask a noteworthy CAGR of
5.7% during the forecast period i.e. 2016-2023. Moreover, the global specialty silica market accounted
revenue of USD 3.8 Billion in 2015. Additionally, swelled growth in
construction sector has propelled the market
of specialty silica.
The rubber
segment by application is projected to seize a robust CAGR over the forecast
period. Moreover, the growth of rubber segment is attributed to the growing
demand for green tires along with robust
expansion of rubber industry. In terms of regional platform, Asia-Pacific region
captured the largest market of specialty silica in 2015. Moreover, Asia-Pacific
specialty silica market accounted for the largest volume share of 955.6 KT in
2015. Moreover, swift development in automotive industry in this region is
pushing the demand for specialty silica. Europe and North America specialty
silica market
is projected to grasp a remarkable CAGR over the forecast period. Apart from this, technological advancements,
introduction of various advanced silica derivatives are some of the factors
fostering the growth of specialty silica market in both the regions.
Expansion of Industries
Robust
expansion of numerous industries such as chemical, automotive and others has
augmented the demand for specialty silica for various applications which is
believed to fuel the growth of specialty silica market. Furthermore, emergence
of industrial automation and automobile industries along with huge investment
in automotive sector is also projected to foster the growth of specialty silica
market.
Rising Infrastructure and
Building Construction
Strengthening
economic figure of developed and developing nation have fuel the development of
infrastructure and building construction which is anticipated to impel the
growth of specialty silica market by the end of 2023. Moreover, various
properties of specialty silica such as matte finish, proficient in removing
impurities, performance additive nature in terms of tires and colorless
appearance are believed to flourish the growth of specialty silica market.
On
the contrary, high cost associated with silica derivatives is expected to
dampen the growth of specialty silica market throughout the globe.
The report titled “Specialty silica Market: Global
Demand Analysis & Opportunity Outlook 2023”
delivers
detailed overview of the global specialty
silica market in terms of market segmentation by product type, by application
type, by end-user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global specialty silica market which includes
company profiling of Cabot Corporation, Evonik
Industries AG, PPG Industries, Inc., Wacker Chemie AG, Huber Engineered
Materials, Tokuyama Corporation, Solvay S.A., Akzo Nobel N.V. and W. R. Grace
& Co. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global specialty silica market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/specialty-silica-market-global-demand-growth-analysis-opportunity-outlook-2023/191
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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